Bid_Guaranty_Certification.pdf
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- Solicitation number
- DCAM-22-CS-RFQ-0001 - RFTOP-CS-0179
- Issued by
- District of Columbia
About this file
This is a Bid Guaranty Certification form issued by the Government of the District of Columbia, Department of General Services, for use in connection with the Cardozo Education Campus HVAC Upgrades project. The certification applies to offerors who elect to submit alternate bid security—specifically a cashier's check or irrevocable letter of credit—in lieu of a traditional bid bond. The form requires offerors to acknowledge and certify their understanding of the conditions and consequences associated with this alternative bid security method and must be properly notarized and submitted with the proposal.
By executing this certification, offerors acknowledge that if awarded the contract, they must promptly post a payment and performance bond equal to the full contract value. The form explicitly states that failure to post such bonds will result in the Department drawing upon the alternate bid security as liquidated damages, termination of the award or contract, a two-year prohibition on accepting alternate bid security from that offeror in future solicitations, and a waiver of the offeror's right to protest such termination. The certification further establishes that the value of the alternate bid security represents a reasonable estimate of damages the Department would incur in the event of contract termination due to the offeror's non-performance in posting required bonds.
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GOVERNMENT OF THE DISTRICT OF COLUMBIA
DEPARTMENT OF GENERAL SERVICES
Attachment G
Bid Guaranty Certification
[ATTACHMENT WILL APPEAR ON THE FOLLOWING PAGE]
Certification Letter for Cashier’s Check or Irrevocable Letter of Credit
Offerors who submit a cashier’s check or an irrevocable letter of credit (“Alternate Bid Security”) in lieu of a bid bond must also submit this certification, properly notarized, with their proposal.
By executing this document, Offeror acknowledges that, if awarded this contract, Offeror shall be required to post promptly a payment and performance bond equal to the full value of the contract. In the event Offeror fails to post such payment and performance bond, the Offeror understands and agrees that; (i) the Department shall draw upon the Alternate Bid Security as liquidated damages; (ii) the award and or contract shall be terminated; (iii) for a period of two (2) years thereafter, the Department will not accept from such Offeror Alternate Bid Security in lieu of a bid bond; and (iv) the Offeror hereby waives the right to protest the termination of any such award or contract. The Offeror further acknowledges and agrees that the damages the Department would experience in the event such award or contract are terminated due to the Offeror’s failure to post a payment and performance bond are difficult to determine and that the value of the Alternate Bid Security represents a reasonable estimate of the damages the Department would incur.
By:
Name:
Title:
Date:
District of Columbia) ss:
On the day of , 202 , before me, a notary public in and for the District of Columbia, personally appeared , who acknowledged himself/herself to be of , and that he/she as such, being authorized to do so, executed the foregoing instrument for the purposes therein contained.
IN WITNESS WHEREOF, I have hereunto set my hand and official seal.
Notary Public My Commission Expires:
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